joint and mutual will

Definition of "joint and mutual will"
  1. A single legal document signed by two or more people that includes reciprocal arrangements for distributing jointly, separately, or commonly owned property after one of them dies
How to use "joint and mutual will" in a sentence
  1. The couple decided to prepare a joint and mutual will to ensure the smooth transfer of their assets upon the death of either party.
  2. In the presence of a lawyer, the two business partners decided to create a joint and mutual will for their joint property.
  3. A joint and mutual will can be a good way to plan future distributions of jointly owned assets.

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